UBS says CarTrade Tech’s OLX buy can deliver 5x revenue in five years. Here’s why
UBS rate stocks including Cartrade Tech.
· ET Stocks, Economic Times Markets, LiveMint Markets
Global brokerage firm UBS maintained a Buy rating on CarTrade Tech with a target price of Rs 4,000, citing strong monetisation potential in its OLX India business. UBS expects OLX’s emerging revenue levers, such as financing, subscriptions, and logistics to drive a 5x revenue expansion to Rs 11.8 billion by FY31.
Key facts
- Period
- FY31
Market context
- Brokerage calls from UBS, with ratings on the stocks named. The stocks: Cartrade Tech.
- Over three months: Cartrade Tech -21.6% against Consumer & Retail -9.5% (12.1 points behind).
- At least 25% below the 52-week high: Cartrade Tech (33%).
- Trading well above normal today: Cartrade Tech at 2.6 times its 20-day average volume.
| Company | Price | Day | 1M | 3M | From 52-wk high | Volume vs 20-day | Market cap |
|---|---|---|---|---|---|---|---|
| Cartrade TechCARTRADE · Consumer & Retail | ₹2,189.80 | -5.8% | -24.5% | -21.6% | -33.0% | 2.6× | — |
Consumer & Retail
1M -4.9% · 3M -9.5%
Cartrade Tech
Prices as of 30 Oct 2026, 16:10 IST. Sector moves are the average of the stocks we track in each sector.
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